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Ramadan Kareem 🌙Wishing you health and prosperity on this holy occasion 🌙❤️ #RamdanWithBinance #RamadanCalendar

Ramadan Kareem 🌙

Wishing you health and prosperity on this holy occasion 🌙❤️

#RamdanWithBinance #RamadanCalendar
P2P Scam : Bank Account Unfreeze SolutionHello, If anyone need help i’ll assist you how to unfreeze you bank account and remove cyber complaint from your bank account 🏦. I already share some important information on this topic you can check my other articles.Comment your problems i’ll definitely reply you what to do this is totally free so don’t be shy just asked what you want to know. I solved my own case and some of my friends its helps you 💯 %.Thank You 😊 #help #P2PScam #Write2Earn #TrendingTopic #TrendingTopic

P2P Scam : Bank Account Unfreeze Solution

Hello, If anyone need help i’ll assist you how to unfreeze you bank account and remove cyber complaint from your bank account 🏦. I already share some important information on this topic you can check my other articles.Comment your problems i’ll definitely reply you what to do this is totally free so don’t be shy just asked what you want to know. I solved my own case and some of my friends its helps you 💯 %.Thank You 😊 #help #P2PScam #Write2Earn #TrendingTopic #TrendingTopic
Andrew Tate recently unveiled plans to initiate his own cryptocurrency, pledging a substantial $100 million in support and committing to perpetual holding without liquidation. The former kickboxing champion is poised to disrupt the crypto sphere with this bold move, infusing his digital currency with financial backing that sets it apart. Tate's resolute decision not to sell adds an intriguing layer, instilling confidence in the project's long-term viability. This unprecedented venture could potentially reshape the landscape of cryptocurrency, attracting enthusiasts and investors alike. Stay tuned for further developments in this fascinating journey into the world of Andrew Tate's crypto creation! #AndrewTate #cryptoinnovation #andrewtate #Write2Earn
Andrew Tate recently unveiled plans to initiate his own cryptocurrency, pledging a substantial $100 million in support and committing to perpetual holding without liquidation.

The former kickboxing champion is poised to disrupt the crypto sphere with this bold move, infusing his digital currency with financial backing that sets it apart.

Tate's resolute decision not to sell adds an intriguing layer, instilling confidence in the project's long-term viability. This unprecedented venture could potentially reshape the landscape of cryptocurrency, attracting enthusiasts and investors alike. Stay tuned for further developments in this fascinating journey into the world of Andrew Tate's crypto creation!
#AndrewTate #cryptoinnovation #andrewtate #Write2Earn
Budget 2024: Crypto industry bats for tax reductions, regulatory tightening of offshore exchangesLetters sent out to the finance ministry last month by Bharat Web3 Association and CoinDCX highlighted concerns over the 30 percent VDA tax burdening small Web3 and crypto businesses and the need for a level playing field by bringing offshore exchanges under TDS regulations.This comes at a time when the Indian crypto sector has already started seeing some regulatory green shoots, with the finance ministry sending show-cause notices to offshore exchanges, which are not registered with the Financial Intelligence Unit-India (FIU-IND), and blocking their URLs.BWA’s current members include infrastructure providers such as Polygon and Biconomy; crypto exchanges such as CoinDCX and CoinSwitch; virtual gaming platform Hike; and other Web3 players such as Liminal and Tax Nodes.According to a note accessed by Moneycontrol, BWA’s asks include “reduction in the rate of TDS on transfer of VDAs (virtual digital assets) to 0.01% from 1%; specifically including foreign exchanges in the scope of TDS, and reexamining the flat rate of 30% applicable to income from the transfer of VDAs.”The note also said the existing taxation framework has “not achieved the intended purpose of enabling VDA transactions to be monitored.”—————🇮🇳JUST IN: Indian Finance Minister has announced that there will be no changes indirect or indirect taxes.Follow#Crypto scenario in India:Flat 30% TAX1% TDSNo set off for losses#CryptoTaxReform #indiaceyptotax #CryptoTaxIndia #indiaceyptotax #TrendingTopic

Budget 2024: Crypto industry bats for tax reductions, regulatory tightening of offshore exchanges

Letters sent out to the finance ministry last month by Bharat Web3 Association and CoinDCX highlighted concerns over the 30 percent VDA tax burdening small Web3 and crypto businesses and the need for a level playing field by bringing offshore exchanges under TDS regulations.This comes at a time when the Indian crypto sector has already started seeing some regulatory green shoots, with the finance ministry sending show-cause notices to offshore exchanges, which are not registered with the Financial Intelligence Unit-India (FIU-IND), and blocking their URLs.BWA’s current members include infrastructure providers such as Polygon and Biconomy; crypto exchanges such as CoinDCX and CoinSwitch; virtual gaming platform Hike; and other Web3 players such as Liminal and Tax Nodes.According to a note accessed by Moneycontrol, BWA’s asks include “reduction in the rate of TDS on transfer of VDAs (virtual digital assets) to 0.01% from 1%; specifically including foreign exchanges in the scope of TDS, and reexamining the flat rate of 30% applicable to income from the transfer of VDAs.”The note also said the existing taxation framework has “not achieved the intended purpose of enabling VDA transactions to be monitored.”—————🇮🇳JUST IN: Indian Finance Minister has announced that there will be no changes indirect or indirect taxes.Follow#Crypto scenario in India:Flat 30% TAX1% TDSNo set off for losses#CryptoTaxReform #indiaceyptotax #CryptoTaxIndia #indiaceyptotax #TrendingTopic
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⚡️☝️☝️☝️Binance will list #jupitercoin (JUP) using the seed tag 💥 🔶 Binance will add Jupiter (JUP) and open trading for the following trading pairs from 31/01/2024. JUP/USDT, JUP/FDUSD and JUP/TRY 🔸Users can already top up their JUP balance in preparation for trading; 🔹Listing price JUP: 0 BNB. 📄 Withdrawal#JUPwill be available approximately from 02/01/2024. 🔺Please ensure you evaluate the risks before trading new tokens as their prices are often subject to high volatility🔻 #BinanceSqaure #jub #TrendingTopic #newcoin
⚡️☝️☝️☝️Binance will list #jupitercoin (JUP) using the seed tag 💥

🔶 Binance will add Jupiter (JUP) and open trading for the following trading pairs from 31/01/2024.

JUP/USDT, JUP/FDUSD and JUP/TRY

🔸Users can already top up their JUP balance in preparation for trading;
🔹Listing price JUP: 0 BNB.

📄 Withdrawal#JUPwill be available
approximately from 02/01/2024.

🔺Please ensure you evaluate the risks before trading new tokens as their prices are often subject to high volatility🔻

#BinanceSqaure #jub #TrendingTopic #newcoin
CryptoMaXia 😺#SHIB 💥 SHIB Lead Shytoshi Kusama Changes Location on Twitter, SHIB Army Puzzled #cryptonews $SHIB 0.01 instantly once a time. I have to say buy $1000 shiba inu and hold it That's all 🚀🤝A Shiba Inu-focused Twitter/X account whose owner belongs to the Japanese SHIB army, @kuro_9696_9696, has shared a screenshot of the X account of the Shiba Inu lead developer Shytoshi Kusama, pointing out a change in Kusama's location mark.Shytoshi Kusama in Singapore? According to it, the pseudonymous leader of the SHIB developer team is currently in Singapore. The SHIB community responded with mixed comments to that tweet. Some tweeted that the leader of SHIB developers is having some time to himself. Several SHIB fans criticized Kusama and the SHIB development team for lack of activity, which, allegedly, leaves the Shiba Inu community on its own.Similar thoughts were voiced by the SHIB community in May last year, when Kusama changed his location tag for "Japan." Shytoshi Kusama changes his location mark on Twitter occasionally, and every time it causes waves of puzzled and/or supportive comments from the community.New SHIB burn era about to arrive Earlier this week, Shiba Inu's marketing lead expert Lucie tweeted that the SHIB team is launching a newera in SHIB burns, referring the community to a Shiba Magazine issue released prior to her tweet. Currently, SHIB developers have started transitioning the layer-2 blockchain Shibarium's Puppynet from one Ethereum-based network to another - from Goerli to Sepolia. This will ensure faster transactions, improved functionalities of smart contracts and overall a better user experience.Aside from that, the developers are currently busy launching an automated system of burning Shiba Inu meme coins in exchange for the manual system used previously.In November, December and January so far, the SHIB development team has burned more than 40 billion SHIB in five massivetransactions, where each one carried more than four trillion SHIB to unspendable blockchain addresses.#trendingtoday #USACryptoTrends #etf

CryptoMaXia 😺

#SHIB 💥 SHIB Lead Shytoshi Kusama Changes Location on Twitter, SHIB Army Puzzled #cryptonews $SHIB 0.01 instantly once a time. I have to say buy $1000 shiba inu and hold it That's all 🚀🤝A Shiba Inu-focused Twitter/X account whose owner belongs to the Japanese SHIB army, @kuro_9696_9696, has shared a screenshot of the X account of the Shiba Inu lead developer Shytoshi Kusama, pointing out a change in Kusama's location mark.Shytoshi Kusama in Singapore? According to it, the pseudonymous leader of the SHIB developer team is currently in Singapore. The SHIB community responded with mixed comments to that tweet. Some tweeted that the leader of SHIB developers is having some time to himself. Several SHIB fans criticized Kusama and the SHIB development team for lack of activity, which, allegedly, leaves the Shiba Inu community on its own.Similar thoughts were voiced by the SHIB community in May last year, when Kusama changed his location tag for "Japan." Shytoshi Kusama changes his location mark on Twitter occasionally, and every time it causes waves of puzzled and/or supportive comments from the community.New SHIB burn era about to arrive Earlier this week, Shiba Inu's marketing lead expert Lucie tweeted that the SHIB team is launching a newera in SHIB burns, referring the community to a Shiba Magazine issue released prior to her tweet. Currently, SHIB developers have started transitioning the layer-2 blockchain Shibarium's Puppynet from one Ethereum-based network to another - from Goerli to Sepolia. This will ensure faster transactions, improved functionalities of smart contracts and overall a better user experience.Aside from that, the developers are currently busy launching an automated system of burning Shiba Inu meme coins in exchange for the manual system used previously.In November, December and January so far, the SHIB development team has burned more than 40 billion SHIB in five massivetransactions, where each one carried more than four trillion SHIB to unspendable blockchain addresses.#trendingtoday #USACryptoTrends #etf
p2p Scam Alert 🚨‼️& Solution (Bank Account Unfreeze - Solution) 💯 Information Part :- 1I know many people are facing this problem regarding account freeze by the cyber crime department complaint and debit blocked by the bank.So, I'll share some tips and useful information with what exactly to do if you are in the same problem.Guys, first you need to visit your bank and ask them about why your bank account freeze or debit blocked.If the bank said you got a cyber complaint thats why your account was debit blocked or freeze.Tell them please provide me the complete information from which cyber department ordered you to freeze or debit blocked my account and if you can't visit the bank any reason you also asked for the information by email but make sure your email register with your bank account.The bank provides you information and in that information you got cyber department Email Address and Phone Number.This Process take time at-least 1 week or 10 days minimum.Now, you have to contact cyber crime department and by email or phone call or WhatsApp and ask the same question "Why my bank account on freeze" Don't be shy or scared just asked them your are not do anything wrong.The cyber crime officer tell you, You received a payment on(on Date - Which was a fraudulent transaction).Match that transaction with your p2p Trade and provide them receipt and other proof why these transactions you received and what exactly you do explain in detail.If you receive clear funds not done any 3rd party payment just provide all screenshots and conversation between you and buy all the legal information and screenshots or buy ID send to the department.This process take maybe 10-20 days to solve your case.Don't waste your time and money on the online service provider who said they help they also tollow the same step and process.If Cyber department was satisfied with your proof and evidence they released your bank account and your bank account was unfreeze.There is One more thing happened with you if you are 100% innocent or all documents are correct but cyber department not unfreeze your account. Then what happened with you and what to do if you are in this Problem.I'll Explain in Part 2 🔜 Like, share and comment for this information so i know you also need part 2.#P2PScam #cybersecurity #P2PTradingTips #p2p

p2p Scam Alert 🚨‼️& Solution (Bank Account Unfreeze - Solution) 💯

Information Part :- 1I know many people are facing this problem regarding account freeze by the cyber crime department complaint and debit blocked by the bank.So, I'll share some tips and useful information with what exactly to do if you are in the same problem.Guys, first you need to visit your bank and ask them about why your bank account freeze or debit blocked.If the bank said you got a cyber complaint thats why your account was debit blocked or freeze.Tell them please provide me the complete information from which cyber department ordered you to freeze or debit blocked my account and if you can't visit the bank any reason you also asked for the information by email but make sure your email register with your bank account.The bank provides you information and in that information you got cyber department Email Address and Phone Number.This Process take time at-least 1 week or 10 days minimum.Now, you have to contact cyber crime department and by email or phone call or WhatsApp and ask the same question "Why my bank account on freeze" Don't be shy or scared just asked them your are not do anything wrong.The cyber crime officer tell you, You received a payment on(on Date - Which was a fraudulent transaction).Match that transaction with your p2p Trade and provide them receipt and other proof why these transactions you received and what exactly you do explain in detail.If you receive clear funds not done any 3rd party payment just provide all screenshots and conversation between you and buy all the legal information and screenshots or buy ID send to the department.This process take maybe 10-20 days to solve your case.Don't waste your time and money on the online service provider who said they help they also tollow the same step and process.If Cyber department was satisfied with your proof and evidence they released your bank account and your bank account was unfreeze.There is One more thing happened with you if you are 100% innocent or all documents are correct but cyber department not unfreeze your account. Then what happened with you and what to do if you are in this Problem.I'll Explain in Part 2 🔜 Like, share and comment for this information so i know you also need part 2.#P2PScam #cybersecurity #P2PTradingTips #p2p
See original
p2p Scam 🔔 Alert 🚨 ‼️ & Solution (Bank Account Unfreeze - Solution) 💯 Part 1:- I know many people are facing this problem regarding account freeze by the cyber crime department complaint and debit blocked by the bank.So, I'll share some tips and useful information with what exactly to do if you are in the same problem. Guys , first you need to visit your bank and ask them about why your bank account freeze or debit blocked. If the bank said you got a cyber complaint thats why your account was debit blocked or freeze.Tell them please provide me the complete information from which cyber department ordered you to freeze or debit blocked my account and if you can't visit the bank any reason you also asked for the information by email but make sure your email register with your bank account.The bank provides you information and in that information you got cyber department Email Address and Phone Number.This Process take time atleast 1 week or 10 days minimum.Now, you have to contact cyber crime department and by email or phone call or WhatsApp and ask the same question “Why my bank account on freeze” Don’t be shy or scared just asked them your are not do anything wrong.The cyber crime officer tell you, You received a payment on‼️(Date 📅 Which was a fraudulent transaction). Match that transaction with your p2p Trade and provide them receipt and other proof why these transactions you received and what exactly you do explain in detail. If you receive clear funds not done any 3rd party payment just provide all screenshots and conversation between you and buy all the legal information and screenshots or buy ID send to the department. This process take maybe 10-20 days to solve your case. Don’t waste your time and money on the online service provider who said they help they also follow the same step and process. If Cyber department was satisfied with your proof and evidence they released your bank account and your bank account was unfreeze. There is One more thing happened with you if you are 💯% innocent or all documents are correct but cyber department not unfreeze your account. Then what happened with you and what to do if you are in this problem I’ll Explain in Part 2 Like, share and comment for this information so i know you also need part 2. #p2p #india #alt #scam #P2PScam

p2p Scam 🔔 Alert 🚨 ‼️ & Solution (Bank Account Unfreeze - Solution) 💯

Part 1:- I know many people are facing this problem regarding account freeze by the cyber crime department complaint and debit blocked by the bank.So, I'll share some tips and useful information with what exactly to do if you are in the same problem. Guys , first you need to visit your bank and ask them about why your bank account freeze or debit blocked. If the bank said you got a cyber complaint thats why your account was debit blocked or freeze.Tell them please provide me the complete information from which cyber department ordered you to freeze or debit blocked my account and if you can't visit the bank any reason you also asked for the information by email but make sure your email register with your bank account.The bank provides you information and in that information you got cyber department Email Address and Phone Number.This Process take time atleast 1 week or 10 days minimum.Now, you have to contact cyber crime department and by email or phone call or WhatsApp and ask the same question “Why my bank account on freeze” Don’t be shy or scared just asked them your are not do anything wrong.The cyber crime officer tell you, You received a payment on‼️(Date 📅 Which was a fraudulent transaction). Match that transaction with your p2p Trade and provide them receipt and other proof why these transactions you received and what exactly you do explain in detail. If you receive clear funds not done any 3rd party payment just provide all screenshots and conversation between you and buy all the legal information and screenshots or buy ID send to the department. This process take maybe 10-20 days to solve your case. Don’t waste your time and money on the online service provider who said they help they also follow the same step and process. If Cyber department was satisfied with your proof and evidence they released your bank account and your bank account was unfreeze. There is One more thing happened with you if you are 💯% innocent or all documents are correct but cyber department not unfreeze your account. Then what happened with you and what to do if you are in this problem I’ll Explain in Part 2 Like, share and comment for this information so i know you also need part 2. #p2p #india #alt #scam #P2PScam
p2p Scam Alert 🚨‼️- Solution 💯Hey Guys :- I want to share something with you i will provide you solution how to solve this issue. I know many people have faced this problem regarding Bank Account Freeze in p2p trading. There is lots of people who gives you different-different solutions and that’s not enough to unfreeze your bank account.I will give you complete information regarding unfreeze your bank accounts and thats 100% working for you.DM me I solve my case so i will share with you what exactly happened.#solutions #P2PScam #IndianRegulation #P2PPayment #p2ptransactions

p2p Scam Alert 🚨‼️- Solution 💯

Hey Guys :- I want to share something with you i will provide you solution how to solve this issue. I know many people have faced this problem regarding Bank Account Freeze in p2p trading. There is lots of people who gives you different-different solutions and that’s not enough to unfreeze your bank account.I will give you complete information regarding unfreeze your bank accounts and thats 100% working for you.DM me I solve my case so i will share with you what exactly happened.#solutions #P2PScam #IndianRegulation #P2PPayment #p2ptransactions
P2P Scam, Guys I do p2p trade and I received my assets amount in my bank and that amount was a fraudulent transaction and my bank account marked Debit Freeze by cyber Crime Department order. Please help, How to unfreeze my account I don't have any idea. #P2PScam #scam #assets
P2P Scam,

Guys I do p2p trade and I received my assets amount in my bank and that amount was a fraudulent transaction and my bank account marked Debit Freeze by cyber Crime
Department order.

Please help, How to unfreeze my account I don't have any idea.

#P2PScam #scam #assets
P2P Scam Alert 🚨‼️🚨I want share something with you, I do P2P trade and I sell my assets and take funds in my Bank Account. Everything okay I checked the buyer and he is verified profile on #binance p2p and also I received funds from same name his Binance Account and Bank Account Matched and I released My assets after two day I received a complaint from Cyber Crime Authorities and my account goes under debit freeze i trade around 500$ but in my bank account i have more funds almost 10k$+ now all are in dr block and still can’t find any solution. I provide all documents and proof to the Department and Bank they can’t listen. I just want to tell you sell your assets offline and a know person and used Binance officially send cash option. i faced lots of problems I lost my bank account and money anyway bank was recovered but its take to much time. According to Cyber Crime Department :-Buyer send me funds which was a fraudulent transaction and Thats why my account has been marked debit freeze.And there is no way you understand this the amount you received was fraudulent or not you just check buyer name and released assets even I asked him for any Government Id and he send me but still can’t worth. #P2PScam #scam #assets

P2P Scam Alert 🚨‼️🚨

I want share something with you, I do P2P trade and I sell my assets and take funds in my Bank Account. Everything okay I checked the buyer and he is verified profile on #binance p2p and also I received funds from same name his Binance Account and Bank Account Matched and I released My assets after two day I received a complaint from Cyber Crime Authorities and my account goes under debit freeze i trade around 500$ but in my bank account i have more funds almost 10k$+ now all are in dr block and still can’t find any solution. I provide all documents and proof to the Department and Bank they can’t listen. I just want to tell you sell your assets offline and a know person and used Binance officially send cash option. i faced lots of problems I lost my bank account and money anyway bank was recovered but its take to much time. According to Cyber Crime Department :-Buyer send me funds which was a fraudulent transaction and Thats why my account has been marked debit freeze.And there is no way you understand this the amount you received was fraudulent or not you just check buyer name and released assets even I asked him for any Government Id and he send me but still can’t worth. #P2PScam #scam #assets
See the Difference Between India and UAE crypto tax law. 🇮🇳 In India, cryptocurrencies are classified as virtual digital assets and are subject to taxation. The gains made from trading cryptocurrencies are taxed at a rate of 30%(plus 4% cess) according to Section 115BBH. 🇦🇪 The country offering zero income tax gives you the benefit of zero percent taxes on capital gain. Dubai views Crypto as an investment asset rather than a currency and charges zero capital gains tax on UAE residents. #uae #india #cryptocurrecny #law
See the Difference Between India and UAE crypto tax law.

🇮🇳
In India, cryptocurrencies are classified as virtual digital assets and are subject to taxation. The gains made from trading cryptocurrencies are taxed at a rate of 30%(plus 4% cess) according to Section 115BBH.

🇦🇪
The country offering zero income tax gives you the benefit of zero percent taxes on capital gain. Dubai views Crypto as an investment asset rather than a currency and charges zero capital gains tax on UAE residents.

#uae #india #cryptocurrecny #law
Today #bitcoin #etf will be_______? 1️⃣ Approved 2️⃣ Rejected 3️⃣ Delayed
Today #bitcoin #etf will be_______?

1️⃣ Approved
2️⃣ Rejected
3️⃣ Delayed
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The SEC Approved #BitcoETF💰💰💰
The SEC Approved #BitcoETF💰💰💰
Bitcoin price surges at start of 2024 amid rumours of industry-changing eventBitcoin exchange-traded fund would open the crypto market to billions of dollars of institutional investmentBitcoin is trading at its highest price level in nearly two years after a strong start to 2024.The cryptocurrency reached above $45,000 (£35,000) on Tuesday for the first time since April 2022, largely buoyed by anticipation surrounding the potential approval of exchange-traded spot bitcoin funds.The US Securities and Exchange Commission is currently considering several bitcoin ETFs, which would open the crypto market to major institutional investors and serve as a validation for bitcoin as a mainstream asset.Despite years of speculation, the regulator is yet to approve a single bitcoin ETF. There are currently 13 under consideration, with some crypto analysts believing that a more matured market could finally see at least one of them approved.The decisions were expected to be made in December, however delays have further fueled hope for a positive outcome.Some analysts have warned that the bitcoin ETF may be a case of “buy the rumour, sell the news”, meaning any announcment from the SEC could be followed by a sharp price decline for bitcoin.Matteo Greco, an analyst at the digital asset investment firm Fineqia International, said a bitcoin ETF approval could see “a retracement of lower price levels before we go up again”.Mr Greco also predicted that a rejection could also trigger a “short-term negative price action”.The strong start to 2024 follows bitcoin’s best year since 2020, with gains of 158 per cent taking the cryptocurrency’s market cap close to $900 billion, and the overall crypto market above $1.75 trillion.Bitcoin remains a long way off its all-time high of $68,000, which was hit after a record-breaking rally culminating in November 2021.Industry commentators also noted that bitcoin’s resurgence has been more steady this time, hinting at a stronger foundation built from a catastrophic 2022 that saw high-profile crypto projects and exchanges collapse.“Ongoing institutional demand, with JP Morgan and Jane Street marked as participants in BlackRock’s recent ETF amendment, has only further intensified interest in bitcoin,” Alex Adelman, CEO of crypto app Lolli, told The Independent.“Bitcoin’s ability to hold its position above the $40,000 mark suggests sustained confidence among investors and a foundation for further upward momentum.”Some investors believe a new record high could occur in 2024 following an event known as a “halving”, which will see the amount of new bitcoins received by miners cut in half.Scheduled for April 2024, the three previous halving events in bitcoin’s history have all been profitable events for investors.

Bitcoin price surges at start of 2024 amid rumours of industry-changing event

Bitcoin exchange-traded fund would open the crypto market to billions of dollars of institutional investmentBitcoin is trading at its highest price level in nearly two years after a strong start to 2024.The cryptocurrency reached above $45,000 (£35,000) on Tuesday for the first time since April 2022, largely buoyed by anticipation surrounding the potential approval of exchange-traded spot bitcoin funds.The US Securities and Exchange Commission is currently considering several bitcoin ETFs, which would open the crypto market to major institutional investors and serve as a validation for bitcoin as a mainstream asset.Despite years of speculation, the regulator is yet to approve a single bitcoin ETF. There are currently 13 under consideration, with some crypto analysts believing that a more matured market could finally see at least one of them approved.The decisions were expected to be made in December, however delays have further fueled hope for a positive outcome.Some analysts have warned that the bitcoin ETF may be a case of “buy the rumour, sell the news”, meaning any announcment from the SEC could be followed by a sharp price decline for bitcoin.Matteo Greco, an analyst at the digital asset investment firm Fineqia International, said a bitcoin ETF approval could see “a retracement of lower price levels before we go up again”.Mr Greco also predicted that a rejection could also trigger a “short-term negative price action”.The strong start to 2024 follows bitcoin’s best year since 2020, with gains of 158 per cent taking the cryptocurrency’s market cap close to $900 billion, and the overall crypto market above $1.75 trillion.Bitcoin remains a long way off its all-time high of $68,000, which was hit after a record-breaking rally culminating in November 2021.Industry commentators also noted that bitcoin’s resurgence has been more steady this time, hinting at a stronger foundation built from a catastrophic 2022 that saw high-profile crypto projects and exchanges collapse.“Ongoing institutional demand, with JP Morgan and Jane Street marked as participants in BlackRock’s recent ETF amendment, has only further intensified interest in bitcoin,” Alex Adelman, CEO of crypto app Lolli, told The Independent.“Bitcoin’s ability to hold its position above the $40,000 mark suggests sustained confidence among investors and a foundation for further upward momentum.”Some investors believe a new record high could occur in 2024 following an event known as a “halving”, which will see the amount of new bitcoins received by miners cut in half.Scheduled for April 2024, the three previous halving events in bitcoin’s history have all been profitable events for investors.
India's digital currency transactions top 1 mln/day in Dec -sourcesMUMBAI, Jan 4 (Reuters) - Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.The central bank digital currency (CBDC), called the e-rupee, has been devised as a digital alternative to physical cash and has been built using distributed-ledger technology.The RBI started its e-rupee pilot in December 2022 but transactions averaged only 25,000 a day by the end of October, even though its use case was significantly broadened by linking it to the popular United Payments Interface (UPI), a framework that facilitates peer-to-peer money transfer via mobile apps.However, last month some large private and state-run lenders disbursed amounts related to employee benefit schemes directly to employees' CBDC wallets, instead of their salary accounts, the first source familiar with the pilot said.These lenders included HDFC Bank (HDBK.NS), Kotak Mahindra Bank (KTKM.NS), Axis Bank (AXBK.NS), Canara Bank (CNBK.NS), and IDFC First Bank (IDFB.NS) the second source said.The RBI expects non-financial firms to follow suit as well, helping boost transactions further, the source added.Even the user base has been steadily growing ... "to about 4 million users currently, up from 3 million in December," a third executive familiar with the pilot said.The sources declined to be identified as they are not authorised to speak to the media. The RBI did not immediately respond to an email seeking comment.Globally, countries including China, France and Ghana are in the pilot stages of their CBDC projects. Others like Nigeria have rolled out their digital currency, but with limited success despite offering rewards like discounts on auto-rickshaw rides.Indian banks too are offering incentives for e-rupee transactions, following a nudge from the RBI to boost volumes, Reuters had reported earlier."Compensating employees using the CBDC is a good step," Sharat Chandra, co-founder of India Blockchain Forum said. Other avenues such as toll tax collections can also be included to further encourage adoption, he added.(This story has been corrected to replace ICICI Bank and IDBI Bank with Axis Bank, IDFC First Bank and Canara Bank in paragraph 5)

India's digital currency transactions top 1 mln/day in Dec -sources

MUMBAI, Jan 4 (Reuters) - Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.The central bank digital currency (CBDC), called the e-rupee, has been devised as a digital alternative to physical cash and has been built using distributed-ledger technology.The RBI started its e-rupee pilot in December 2022 but transactions averaged only 25,000 a day by the end of October, even though its use case was significantly broadened by linking it to the popular United Payments Interface (UPI), a framework that facilitates peer-to-peer money transfer via mobile apps.However, last month some large private and state-run lenders disbursed amounts related to employee benefit schemes directly to employees' CBDC wallets, instead of their salary accounts, the first source familiar with the pilot said.These lenders included HDFC Bank (HDBK.NS), Kotak Mahindra Bank (KTKM.NS), Axis Bank (AXBK.NS), Canara Bank (CNBK.NS), and IDFC First Bank (IDFB.NS) the second source said.The RBI expects non-financial firms to follow suit as well, helping boost transactions further, the source added.Even the user base has been steadily growing ... "to about 4 million users currently, up from 3 million in December," a third executive familiar with the pilot said.The sources declined to be identified as they are not authorised to speak to the media. The RBI did not immediately respond to an email seeking comment.Globally, countries including China, France and Ghana are in the pilot stages of their CBDC projects. Others like Nigeria have rolled out their digital currency, but with limited success despite offering rewards like discounts on auto-rickshaw rides.Indian banks too are offering incentives for e-rupee transactions, following a nudge from the RBI to boost volumes, Reuters had reported earlier."Compensating employees using the CBDC is a good step," Sharat Chandra, co-founder of India Blockchain Forum said. Other avenues such as toll tax collections can also be included to further encourage adoption, he added.(This story has been corrected to replace ICICI Bank and IDBI Bank with Axis Bank, IDFC First Bank and Canara Bank in paragraph 5)
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